? ? ?   ? ? ?   The positions of long-term Bitcoin investors have remained rock solid despite the sharp decline on 7 September. Furthermore, we continue to see a deepening supply shock as the amount of BTC on exchanges steadily decreases. Sponsored The organic growth of the Bitcoin network is illustrated by the number of addresses holding different values of BTC, most of which increased during the recent decline. The on-chain data confirms that the recent large price move was mainly triggered by overleveraged derivatives traders. BTC price action Last week, Bitcoin reached a local peak at $52,956 just above the 0.618 Fib retracement level on September 7. On the same day, there was a flash crash that took the BTC price to a low at $42,900. One of the reasons for the 19% decline was the clearing of long leveraged positions, which experienced liquidations totaling $4 billion. Sponsored Shortly after the sharp decline, the price rebounded and is currently trying to recover aro